inContact (SAAS) has been under a strong bear grip, hence the stock is down -3.39% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.72% in the past 1 week. The stock has risen by 0.65% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.14% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.38% and the 50-Day Moving Average is 0.34%. inContact, Inc. is up 49.3% in the last 3-month period. Year-to-Date the stock performance stands at 45.7%.
inContact (NASDAQ:SAAS): stock turned positive on Friday. Though the stock opened at $13.86, the bulls momentum made the stock top out at $13.94 level for the day. The stock recorded a low of $13.84 and closed the trading day at $13.9, in the green by 0.29%. The total traded volume for the day was 2,321,362. The stock had closed at $13.86 in the previous days trading.
Also, Brokerage firm Craig-Hallum downgrades its rating on inContact (NASDAQ:SAAS). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 19, 2016.
inContact, Inc. (inContact) is a provider of cloud contact center software solutions. The Company provides a range of cloud contact center call routing, self-service and agent optimization solutions. The Company operates through two segments: Software and Network connectivity. inContacts Software segment includes services related to the delivery of its cloud contact center software solutions. The Companys Network connectivity segment provides voice and data long distance services. The Company offers its products and services to customers in five vertical markets: business process outsourcers (BPOs), retail and direct response, healthcare providers, utilities, and state and local Government. The Company has facilities in the United States, Europe, the Philippines and Hong Kong. The Companys registered trademarks in the United States and elsewhere include inContact, inTouch, ECHO, inCloud, Satisfaction as a Service and Personal Connection.